Navitas Petroleum, Limited Partnership reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was USD 17.23 million compared to USD 6.33 million a year ago. Basic earnings per share from continuing operations was USD 0.183 compared to USD 0.068 a year ago. Diluted earnings per share from continuing operations was USD 0.179 compared to USD 0.067 a year ago.
For the nine months, net income was USD 32.54 million compared to USD 49.1 million a year ago. Basic earnings per share from continuing operations was USD 0.347 compared to USD 0.525 a year ago. Diluted earnings per share from continuing operations was USD 0.346 compared to USD 0.514 a year ago.